Fuel Report: Prices Drop, Still Almost a Dollar Above Last Year

    Diesel, gas pump. ©Debra L Ferguson

    The U.S. average diesel fuel price decreased more than 3 cents to $3.32 per gallon on August 23, 90 cents higher than a year ago. The Midwest price decreased more than 4 cents to $3.22 per gallon, the West Coast and Gulf Coast prices each decreased nearly 4 cents to $3.99 per gallon and $3.04 per gallon, respectively, and the East Coast and Rocky Mountain prices each decreased by nearly 2 cents to $3.30 per gallon and $3.64 per gallon, respectively.

    The U.S. average regular gasoline retail price decreased nearly 3 cents to $3.15 per gallon on August 23, 96 cents higher than the same time last year. The Midwest price decreased nearly 6 cents to $3.00 per gallon, the Gulf Coast price decreased more than 4 cents to $2.80 per gallon, the East Coast price decreased nearly 2 cents to $3.02 per gallon, the West Coast price decreased more than 1 cent to $3.95 per gallon, and the Rocky Mountain price decreased nearly 1 cent to $3.66 per gallon.

    U.S. propane/propylene stocks increased by 2.0 million barrels last week to 68.7 million barrels as of August 20, 2021, 14.5 million barrels (17.4%) less than the five-year (2016-2020) average inventory levels for this same time of year. Midwest, East Coast, Gulf Coast, and Rocky Mountain/West Coast inventories increased by 0.8 million barrels, 0.6 million barrels, 0.3 million barrels, and 0.2 million barrels, respectively.




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